The Non-Dairy Creamer Market Is Predicted To Reach USD XX.XX Billion With A CAGR Of X.XX% According To Market Data Forecast Report.

The Non-Dairy Creamer Market Is Predicted To Reach USD XX.XX Billion With A CAGR Of X.XX% According To Market Data Forecast Report.

ID: 6840 | October 2018 | Region: Global

The Global Non-Dairy Creamer Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Non-Dairy Creamer Market is estimated to be USD XX.XX billion in 2018 and predicted to rise to USD XX.XX billion by 2023 with a CAGR of X.XX%. The market is segmented by Applications (Food, Beverages and Other Segments), by Product Type (Soy, Almond, Coconut Milk Creamers and Others), by Fat Content (Low Fat, Medium Fat and High Fat), by Distribution Channel (Hypermarkets or Supermarkets, Convenience Stores, Pharmacies or Drugstores, Online and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The major drivers of the Non-Dairy Creamer market are the increasing incidence of lactose intolerance and lifestyle diseases such as obesity and diabetes. Also driving the market are research and development in the field, the rise in the number of vegetarians leading to preference towards plant based products and increasing incidence of other lifestyle diseases such as obesity and diabetes. Inspite of the numerous positives, the market is still hampered by the negative perception towards some products.

The leading category in the Non-Dairy Creamer market is the applications in food industry. The low fat segment is expected to show the fastest growth rate in the forecast years due to the increased demand for products that are low in calories and fat.

The Non-Dairy Creamer Market is dominated by North America in 2016 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in coming years.

High investment from top players and increasing R&D spending are likely to provide ample opportunities to the industry players across regions. Key market players include Nestle, The WhiteWave Foods Company, Cargill, Koninklijke FrieslandCampina N.V., Sugar Foods Corporation, Rich Products, Pulmuone Foods, Organic Valley Crop Cooperative, Bigtree Group, Wenhui Food and Dean Foods.

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